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This isn't directly related to housing chat but more to the philosophy behind it. I find it quite funny how short-sighted people can be when it comes to investments. They rail against the government for regulating industries to stop them from exploiting vulnerabilities, and then if/when they find a gap in the fence and sneak through, they do so with the full expectation that the government will help protect them from the fall-out if it all comes undone. Capitalists are all for stripping protections and gassing undeveloped countries with free market poison but then they act shocked and betrayed when a bunch of impoverished locals pay the maid to let them in through the compound gate and put a knife to everyone there. Where was the police force that I insisted be dismantled because they were stopping me from committing crimes? Oh noooo
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Mar 4, 2015 10:55
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So when the housing bubble pops is that the time to buy a house given prices will dive to the new mean?
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Mar 4, 2015 10:56
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Anidav posted:So when the housing bubble pops is that the time to buy a house given prices will dive to the new mean? Why bother buying? I'm going to follow Sulla's advice - pay off a maid, eat the rich, and squat in their house.
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Mar 4, 2015 10:58
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Jumpingmanjim posted:
I would've said denial, or really anything between it and the 'return to normal'. People have started popularizing the idea and making money off other people wanting to get in (I cringe every time an Ironfish ad comes over the radio, I don't know if they're a thing outside of SA though), that's clear 'new paradigm' scenarios. Yet it's clearly started failing; a bubble this big doesn't burst overnight, so it's taken a while to progress beyond, but the machine's clearly breaking down if you look for the signs of it.
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Mar 4, 2015 10:59
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Anidav posted:So when the housing bubble pops is that the time to buy a house given prices will dive to the new mean? Japanese house prices have been decreasing since the crash at the start of the 90s
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Mar 4, 2015 11:01
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ahahahaha holy poo poo anidav's new avatar I'm on Austudy for the next year, can I get a Centrelink tag too, thanks :P
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Mar 4, 2015 11:01
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Jumpingmanjim posted:Japanese house prices have been decreasing since the crash at the start of the 90s So after a decade the new mean is still unknown? Snail market?
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Mar 4, 2015 11:03
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Anidav posted:So after a decade the new mean is still unknown? Snail market? We live in interesting times my friend.
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Mar 4, 2015 11:07
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Over two decades now. Japan also has apartments for sale where you literally buy the apartment, and not the land / space in midair. So after 30ish years when the owner decides to tear down the building it's time to get a new house.
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Mar 4, 2015 11:08
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For the record I'm not specifically advising anybody here to murder the wealthy and seize their estates, however if you have the capacity then the free market essentially demands it
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Mar 4, 2015 11:08
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Jumpingmanjim posted:Japanese house prices have been decreasing since the crash at the start of the 90s It actually picked back up again last year but it's not really a good comparison to Australia given the country's suffered from decades of deflation and the impact of the GFC.
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Mar 4, 2015 11:13
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It's a free house for you, Jim!
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Mar 4, 2015 11:22
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Jumpingmanjim posted:Japanese house prices have been decreasing since the crash at the start of the 90s decreasing, as in increasing at a rate lower than the inflation rate?
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Mar 4, 2015 11:24
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Sulla-Marius 88 posted:This isn't directly related to housing chat but more to the philosophy behind it. I find it quite funny how short-sighted people can be when it comes to investments. They rail against the government for regulating industries to stop them from exploiting vulnerabilities, and then if/when they find a gap in the fence and sneak through, they do so with the full expectation that the government will help protect them from the fall-out if it all comes undone. Bring back debtors jail, and let the bastards rot in shackles! ...or slightly more constructive and humanly, properly fund the Australian Investments and Securities Commission and get some one in charge who makes sure it does its drat job properly. and let them see some bastards to shackles! canberratimes posted:The revelations, which follow the fraud and forgery scandal inside the Commonwealth Bank's financial planning operation, will add to calls for a royal commission into the financial advice sector – a move that the Abbott government has so far refused to consider, despite a royal commission into CBA being recommended by a high-profile bipartisan Senate inquiry last year. Although neither of those will happen while Abbott or Turnbull is in charge I fear. dr_rat fucked around with this message at 11:34 on Mar 4, 2015 |
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Mar 4, 2015 11:31
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Mr Chips posted:decreasing, as in increasing at a rate lower than the inflation rate? Decreasing, even when adjusted for inflation. Just do a google image search for graphs. E: I know house price chat shits people to tears, but look at what's happening in Europe, A crash can happen here and it will affect all of us, regardless of whether we own real estate or not. Every one has heard the phrase "Australia is a lucky country". It was written by the poet Donald Horne. We've all heard it used, but used incorrectly. The full quotation is: quote:Australia is a lucky country run mainly by second rate people who share its luck. It lives on other people's ideas, and, although its ordinary people are adaptable, most of its leaders (in all fields) so lack curiosity about the events that surround them that they are often taken by surprise. God or geology or whatever blessed us with a lot of valuable stuff to dig out of the ground. And we've never really progressed beyond that. We are a mediocre people and one day our luck will run out. I would blow Dane Cook fucked around with this message at 11:51 on Mar 4, 2015 |
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Mar 4, 2015 11:34
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Jumpingmanjim posted:
I dunno - it might be "return to normal". 
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Mar 4, 2015 11:50
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unless it's just about to skyrocket
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Mar 4, 2015 11:55
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you forget that we have a liberal government so the economy is finally back on track. we all about to get rich
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Mar 4, 2015 11:55
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Sulla-Marius 88 posted:unless it's just about to skyrocket
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Mar 4, 2015 11:56
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'Kill yourself' -Clive Palmer. Is he raptorfag?
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Mar 4, 2015 11:57
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Jumpingmanjim posted:E: I know house price chat shits people to tears, but look at what's happening in Europe, A crash can happen here and it will affect all of us, regardless of whether we own real estate or not. I'd love to buy a parcel of land in Spain or Italy somewhere as a holiday house and become just another rich tourist driving the locals even further into destitution and hopelessness but I'm so flat broke that by the time I have enough money for the deposit the market will have rebounded and we'll be living on the moon regardless
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Mar 4, 2015 12:00
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Sulla-Marius 88 posted:I'd love to buy a parcel of land in Spain or Italy somewhere as a holiday house and become just another rich tourist driving the locals even further into destitution and hopelessness but I'm so flat broke that by the time I have enough money for the deposit the market will have rebounded and we'll be living on the moon regardless We were talking about this in the canadian thread, you can basically get a whole village with a castle and some peasants too!
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Mar 4, 2015 12:02
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Jumpingmanjim posted:We were talking about this in the canadian thread, you can basically get a whole village with a castle and some peasants too! Rime posted:For PT6A, there's also about a hundred villages in Spain for sale, for $50,000 - $300,000, which usually include a church and 40+ houses in addition to a grand manor. In case you want to roleplay as a literal lord or something, I dunno.  I'm going to go check if my girlfriend is secretly wealthy or something e: Thanks for this I'm now going to lose a whole day of work googling properties in spain in case we can buy a holiday house for like $10k and a can of coke. If somebody has links let me know
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Mar 4, 2015 12:06
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There was a thing about cheap castles in France a while ago, I think it turned out that the rates / property tax was still pretty frigging expensive, which explained the lack of buyers.
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Mar 4, 2015 12:11
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Someone earlier was asking about the Australian property thread, well I managed to find it: Why Australia is Screwed This is my favourite part about reading about investor sentiment towards property bubbles. Does this sound familiar? quote:Once again the masters of doom and gloom are at it .These Economists have been predicting the great fall for the last ten years ,every week you listen to them on radio and TV predicting disasters in the economy .Its the old story that if you keep saying something often enough you will be right eventually.
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Mar 4, 2015 12:11
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e: ^ There will always be hands-over-ears perpetual optimist types that just flat out don't want to deal with the writing on the wall. Easier to live in blissful ignorance for the present than worry about something that seems bigger than you're able to handle. Not to say they're not idiots, but you can see why they fight so hard to find a comfortable perception of the world. It's like climate change deniers who have no financial interest vested in pollution.. they just don't want to deal with an ugly reality.open24hours posted:There was a thing about cheap castles in France a while ago, I think it turned out that the rates / property tax was still pretty frigging expensive, which explained the lack of buyers. Yeah castles are things that nobody actually wants to buy/live in for obvious reasons, and France is noway near as hosed as Spain is in terms of housing etc. It's just people trying to offload unwanted goods. But Spain isn't in a position to really twist the knife with property taxes etc from what I can see, although I really have no idea how I'd even go about finding out the total estimated cost of property purchase there. Even as an intellectual exercise Sulla Faex fucked around with this message at 12:18 on Mar 4, 2015 |
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Mar 4, 2015 12:15
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Nuclear Spy posted:Someone earlier was asking about the Australian property thread, well I managed to find it: Why Australia is Screwed I don't have access to archives 
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Mar 4, 2015 12:16
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Nuclear Spy posted:Someone earlier was asking about the Australian property thread, well I managed to find it: Why Australia is Screwed http://www.irishtimes.com/business/financial-services/david-mcwilliams-irish-economy-set-up-to-fail-1.2118484
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Mar 4, 2015 12:16
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There's always those $1,000 houses in Detroit if Castles aren't your style.
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Mar 4, 2015 12:19
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Mithranderp posted:I don't have access to archives
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Mar 4, 2015 12:20
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Graic Gabtar posted:There's always those $1,000 houses in Detroit if Castles aren't your style. https://www.google.it/search?q=detroit&source=lnms&tbm=isch&sa=X&ei=c-r2VMfVEeLZ7gaH3oD4Ag&ved=0CAgQ_AUoAg&biw=1920&bih=967 https://www.google.it/search?q=spain&source=lnms&tbm=isch&sa=X&ei=c-r2VIXSFIqj7AbwvIHYDg&ved=0CAgQ_AUoAg&biw=1920&bih=967#tbm=isch&q=murcia I'd probably just throw in a few extra grand so I don't get stabbed walking to buy milk
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Mar 4, 2015 12:21
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Nuclear Spy posted:This may or may not work (sorry Lowtax!) 403
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Mar 4, 2015 12:22
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http://www.rightmove.co.uk/overseas-property/property-36093703.html Shame it would cost almost as much to visit as the place is worth. Being on a site for British expats I'm sure that's about twice the real price for something similar.
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Mar 4, 2015 12:25
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Mithranderp posted:I don't have access to archives quote:Housing in Australia is overpriced. This is nothing new to anyone who's paid even slight interest to news or has tried to buy a house. Housing in Australia is currently in the middle of a decade long bubble. The bubble will eventually burst and cause widespread suffering, but in the meantime the national obsession with housing speculation is causing the decay of Australia's political system. quote:The problem that has arisen however is that since the folk understanding of housing markets dictates that house prices always go up, people are always willing to buy an overpriced house, as since the prices always go up you'll always make a profit. Furthermore, the logic of the market dictates that the longer you wait to buy a house, the more expensive it will be and the longer you will have to wait to make a profit so you should buy early and buy often. quote:Currently both sides of politics are gearing up for a good bout of welfare bashing. Julia Gillard is promising a harsh budget this year and has singled out welfare recipients as targets and Tony Abbott has championed the idea of moving all unemployed people under the age of 30 into indentured servitude for the giant mining corporations. quote:The second purpose of welfare bashing is to reinforce the myth of the Aussie battler. This myth was fostered by Liberal PM John Howard during his Primeministership and successfully allowed him to gain support amongst the enmortgaged classes of Western Sydney who inhabit key marginal lower house seats. It works by defining true Australians as those who followed the Australian dream, got married, moved to the suburbs and bought an overpriced mortgage. Unemployed people, latte sipping inner city renting types, students and shifty foreigners in their weird ethnic ghettoes are by definition untrue-Australians. Only Boat People and Aborigines are less Australian then the unemployed and by slamming them, others can feel self righteous about their own self-imposed destitution as a good and correct way to live. quote:Doing something would necessitate decreasing house prices. Right now the only economic hope for people with overpriced mortgages is to hold on to their houses until they die and write off the interest repayments as a cost of living or leverage their existing property to buy more mortgages (and plasma screen TVs) and possibly become some sort of serious property developer. If the government moves to lower or stabilise housing prices, people's investments would gradually or suddenly be eaten away at by inflation and the market. Right now neither party can afford the electoral cost of higher interest rates or lower price houses. Much like all the amateur property speculators in the country the government of the day just has to hope it won't be holding the baton when the bubble bursts.
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Mar 4, 2015 12:28
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open24hours posted:http://www.rightmove.co.uk/overseas-property/property-36093703.html I can fly to Barcelona for about 100 euros* but then it's a 3h drive to the actual house as well, which as soon as you leave America or Australia becomes A Long Time. You're right in that the only english-language websites I can find are British, and probably at 40%+ valuation. I might ask a Spanish friend what websites they use for house hunting and what regions are known as the go-to areas, I think I'd skip the surrounds of Barcelona and focus elsewhere. Inland Spain has gotta be terrible to navigate with all those hills. *Incidentally the girlfriend is now trying to plan a Seville and Valencia trip to see friends, which would be Rome -> Seville -> Valencia -> Rome and cost about 183 euros for flights. e: Also if you go through those photos it's literally a garden shed, you couldn't live in it. There have got to be tonnes of other places that are better value, you just won't find them on an English website
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Mar 4, 2015 12:30
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Sulla-Marius 88 posted:https://www.google.it/search?q=detroit&source=lnms&tbm=isch&sa=X&ei=c-r2VMfVEeLZ7gaH3oD4Ag&ved=0CAgQ_AUoAg&biw=1920&bih=967 Forget walking to get milk. A guy I know from Melbourne was sent to Detroit for a year for work. People in the office would walk up and abuse him for stealing a job - even getting aggressive. He was back home in less than two months.
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Mar 4, 2015 12:30
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Same thing happened here, a friend from England who worked for Unilever got sent for a 9month placement to Rome and the other staff there (all Italians) were super lovely at her, just treated her like crap and accused her of stealing jobs. I guess it was bad timing to send a new placement over at a time when they had just announced they were laying off like 3/4 of the department. But then again, apparently the Italian office is just remarkably unproductive and ineffective, so you can't blame Unilever for trimming some fat
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Mar 4, 2015 12:36
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Sulla-Marius 88 posted:e: Also if you go through those photos it's literally a garden shed, you couldn't live in it. There have got to be tonnes of other places that are better value, you just won't find them on an English website Yeah but six hectares, imagine all the donuts you could do.
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Mar 4, 2015 12:37
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open24hours posted:Yeah but six hectares, imagine all the donuts you could do. The biggest reason I want to own property is so I can plant trees and plants and make a mini food forest that I can retreat to like some sort of disgusting hippy. No donuts One of my dreams is to buy a plot of land for cheap and turn it into a forest and then camp there in a tent and poo poo in a grid
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Mar 4, 2015 12:39
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Philistine. [Edit: I've been dreaming about buying cheap land on the west coast of Tasmania and doing the same thing for a while now, but my girlfriend is passionately against it (and probably with good reason) so it remains a dream.] open24hours fucked around with this message at 12:44 on Mar 4, 2015 |
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Mar 4, 2015 12:40
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